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Home News & Events News Feeds Economic Value of Protected Open Space

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Sonoran Desert Life - Updated and Available NOW! Buy your own book - click HERE.
Economic Value of Protected Open Space PDF Print E-mail
Building off of previous valuation studies and using standard economic analysis techniques, this study estimates the value of protected open space in southeastern Pennsylvania by measuring impacts across four areas:
(1) the effects of protected open space on residential property values,
(2) the value associated with environmental services provided by southeastern Pennsylvania's protected open spaces,
(3) the value of recreational activity on protected open space and associated avoided health-care costs, and
(4) jobs and revenue created as a result of activity on and connected to protected open space.
These impacts include the following and many more explained in the study:
  • $16.3 billion added to the value of southeastern Pennsylvania's housing stock,
  • $240 million in annual property and transfer tax revenues,
  • $61 million in carbon currently stored in trees on protected open space,
  • $577 million in annual benefits for residents who recreate on protected open space (Physically active people typically enjoy a variety of health benefits)
  • $795 million in medical costs avoided annually
See http://www.greenspacealliance.org/cms/economic_value_study_first_edition.pdf for details. 
 

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